Electronic Filing Definition
Electronic Filing Definition
Online income tax returns submission through software program approved by the Internal Revenue Service (IRS) or state tax authority.
Extended Definition of Electronic Filing
Electronic filing can offer many advantages. Direct transfer of tax returns data from the filer to the IRS lowers the errors caused by human document scanning or keying. It also enables convenient and quick processing. Compared to paper returns, electronic filing costs 20 times less, which means significant savings for the taxpayer. The service is offered free of cost by the Internal Revenue Service (IRS).
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